Supply Chain Council of European Union | Scceu.org
Freight

Baltic index falls for fifth day on muted demand across segments

July 6 (Reuters) – Baltic Exchange’s main sea freight index , which tracks rates for ships carrying dry bulk commodities, fell for the fifth consecutive session on Tuesday, pressured by weaker rates across all vessel segments.

* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 45 points, or 1.4%, to 3,179.

* The capesize index eased 56 points, or about 1.7%, to 3,293.

* Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of coal and steel-making ingredient iron ore, declined $464 to $27,309.

* The panamax index dipped 81 points, or 1.9%, to 4,160.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,00 tonnes, fell $733 to $37,437.

* The supramax index fell 15 points to 2,920. (Reporting by Eileen Soreng in Bengaluru; Editing by Krishna Chandra Eluri)

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